AEterna Zentaris Inc. Stock Forecast

On Friday, AEterna Zentaris Inc. stock price gained an impressive 288.06%
(Updated on May 03, 2024)

AEZS Signals & Forecast

The AEterna Zentaris Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.82 and $2.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 300.00%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). AEterna Zentaris Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for AEterna Zentaris Inc. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.609 (7.86%) between high and low. For the last week, the stock has had daily average volatility of 7.00%.

The AEterna Zentaris Inc. stock is extremely overbought on RSI14 (98). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $7.56 (-3.04%) (This stock has low daily movements and this gives low risk. The RSI14 is 98 and this increases the risk substantially. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (AEZS) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect AEterna Zentaris Inc. to open at $7.96, and during the day (based on 14 day Average True Range), to move between $7.26 and $8.34, which gives a possible trading interval of +/-$0.535 (+/-6.86%) up or down from last closing price. If AEterna Zentaris Inc. takes out the full calculated possible swing range there will be an estimated 13.72% move between the lowest and the highest trading price during the day.

Is AEterna Zentaris Inc. stock A Buy?

AEterna Zentaris Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for AEterna Zentaris Inc. of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.